Greece Issues Draft Decision Clarifying the Recently Introduced 26% Tax Prepayment for Certain Transactions

On 23 April 2015, the Greek Ministry of Finance released a draft Ministerial Decision concerning the new rules published in the Official Gazette on 21 March 2015. The new rules introduced a 26% tax on payments made to individuals or legal entities that:

• Are resident in a jurisdiction that is non-cooperative in tax matters,
• Are resident in a jurisdiction with a beneficial tax regime, i.e. a tax rate less than half of the Greek 26% tax rate,
• Are an associated company and not in compliance with…